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Get your taxes done using TurboTax
When you are entering the 1099-MISC, be sure to select "This was a manufacturer's incentive payment" on the "Does one of these uncommon situations apply?" screen.
The Income will be listed on Schedule 1 as Other Income.
"Staking rewards are an incentive that blockchains provide to participants. Each blockchain has a set amount of crypto rewards for validating a block of transactions. When you stake crypto and you're chosen to validate transactions, you receive those crypto rewards."
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‎February 22, 2023
5:55 PM
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